New Equal-Weight Rating Was Given to Casa Systems (CASA)

January 10, 2018 - By Darrin Black

 New Equal Weight Rating Was Given to Casa Systems (CASA)

Why Has Barclays Given Casa Systems (CASA) a $17 Price Target

EU: Casa Systems (CASA) coverage was started with a key ‘Equal-Weight’ rating as well as a $17 target price per share at Barclays. The target price by Barclays suggests downside of -8.01 % from the last close price.

Casa Systems, Inc. (NASDAQ:CASA) Ratings Coverage

Among 6 analysts covering Casa Systems (CASA), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Casa Systems has $25.0 highest and $17 lowest target. $21.80’s average target is 17.97% above currents $18.48 stock price. Casa Systems had 6 analyst reports since January 9, 2018 according to SRatingsIntel. On Tuesday, January 9 the stock rating was initiated by Northland Capital with “Buy”.

The stock decreased 3.35% or $0.64 during the last trading session, reaching $18.48. About 228,191 shares traded. Casa Systems, Inc. (CASA) has 0.00% since January 10, 2017 and is . It has underperformed by 16.70% the S&P500.

Casa Systems, Inc. provides software-centric broadband products in North America, Latin America, Europe, the Middle East, Africa, and Asia-Pacific. The company has market cap of $1.50 billion. The firm offers converged cable access platform solutions that allow cable service providers to deliver voice, video, and data services over a single platform at multi-gigabit speeds. It currently has negative earnings. It also provides solutions for next-generation distributed and virtualized architectures in cable operator, fixed telecom, and wireless networks.

More notable recent Casa Systems, Inc. (NASDAQ:CASA) news were published by: Multichannel.com which released: “Casa Systems Files for $150M IPO” on November 20, 2017, also Bostonglobe.com with their article: “Casa Systems, which helps cable companies boost speeds, is going public” published on November 21, 2017, Seekingalpha.com published: “Casa Systems Proposes Terms For $134 Million IPO” on December 06, 2017. More interesting news about Casa Systems, Inc. (NASDAQ:CASA) were released by: Nasdaq.com and their article: “Casa Systems Inc (CASA) President & CEO Jerry Guo Bought $1.3 million of Shares” published on December 20, 2017 as well as Nasdaq.com‘s news article titled: “Broadband cable vendor Casa Systems files for a $150 million IPO” with publication date: November 18, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.